Schneider Electric to Invest $140 Million in 2024 to Expand U.S. Manufacturing Presence to Support Critical Infrastructure, Industries, and Data Center Demand [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
NASDAQ:AMEX Investor Relations:
schneider-electric.com/en/about-us/investor-relations
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Source: Yahoo! Finance
Since 2020, the company has invested more than $440 million in its U.S. manufacturing and distribution network to create a more resilient domestic supply chain BOSTON March 14, 2024 /PRNewswire/ -- Today, Schneider Electric —the global leader in the digital transformation of energy management and automation—announced plans to invest $140 million into its U.S. manufacturing operations and create about 750 new manufacturing jobs across the country in 2024. The company will invest $85 million initially to transform and equip an existing 500,000 square foot building in Mt. Juliet, Tennessee and upgrade its existing Smyrna, Tennessee manufacturing operations. Both locations will manufacture custom electrical switchgear and medium voltage power distribution products to bolster support for critical infrastructure, industries, and the escalating demand for data center solutions across the U.S. The new plant in Mt. Juliet is expected to begin manufacturing and shipping products to Schne
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